Nuvotec Co. Ltd. announced a private placement of 3,649,636 commons shares at par value of KRW 500 per share at a price of KRW 822 per share for the gross proceeds of 3,000,000,792 on June 27, 2022. The shares will be issued through third party allotment.

The transaction will include participation from Eco. The shares will be subject to a hold period of 1 year. The payment date is July 5, 2022.

The transaction has been approved by the board of directors.